cryptoanalysis

$SOL has experienced a prolonged multi-month correction, dropping from the 250+ region down to a recent low near 67.50. This was not a sudden crash — it was a structured downtrend marked by lower highs, lower lows, and consistent rejection from the mid Bollinger Band. Let’s break down what really happened.
📍 Phase 1: Distribution After Peak
After topping near 253, $SOL began showing exhaustion signals. Price failed to sustain above the upper volatility band and repeatedly rejected from the mid-band equilibrium. This is a classic distribution pattern where early buyers gradually exit positions while late buyers get trapped.
📍 Phase 2: Trend Continuation & Liquidity Sweeps
As the structure shifted bearish, each bounce was sold into. Lower highs formed consistently, confirming sellers in control. The recent flush toward 67.50 appears to be a liquidity sweep — a final acceleration move that likely triggered stop-losses from swing traders and forced liquidations from leveraged longs.
📍 Phase 3: Volatility Compression & Reaction Bounce
After tapping the lower Bollinger region, SOL printed a reaction bounce toward 84–90. This is technically a relief rally after extreme downside extension. However, relief rallies inside broader downtrends do not automatically signal full reversals.
📊 Current Market Structure
Macro Trend: Bearish
Short-Term: Oversold Bounce
Volatility State: Compression after expansion
📍 Why the Recent Pump?
• Oversold conditions at lower band
• Liquidity cleared below 70
• Short covering from late sellers
• Temporary momentum shift
📍 What Needs to Happen for Real Reversal?
For bullish continuation, $SOL reclaim the 100–115 zone (mid-band region) and hold it with strong volume. Without that reclaim, the current move remains a corrective bounce inside a larger downtrend.If price holds above 75–80 and builds higher lows, accumulation may begin. Failure to hold this region could open another leg toward deeper support zones.
Remember: After 60%+ corrections, markets either form a base — or continue trending lower. Structure confirmation is key.
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The Oasis Network is showing some very interesting price action on the hourly timeframe. If you are looking for a precision setup, here is the breakdown of the current structure and what to expect next. 📉✨
🔍 Technical Breakdown
Descending Channel: The price is currently vibrating within a descending channel. We have touched the lower boundary and are now showing signs of heading toward a breakout attempt. Keep an eye out for a successful retest of this boundary to confirm the move. 🪄
RSI Momentum: The Relative Strength Index (RSI) is currently in a downward trend. Given the recent overbought conditions, a bit more cooling off is expected before the next leg up. 📉
Moving Average Support: We are approaching the 100-period Moving Average. Historically, the price has consolidated above this level, suggesting it will act as a magnet for the current decline before a potential bounce. 🛡️
Key Support Zone: There is a strong "Green Zone" of support at 0.01220. This level has proven its strength multiple times—think of it as the floor for this setup. 🧱
📊 The Trade Setup
If you're eyeing an entry, here are the levels to watch:
Entry Price: 0.01282 🏁
Target 1: 0.01300 🎯
Target 2: 0.01340 🚀
Target 3: 0.01380 🌕
Stop Loss: Just below the green resistance/support zone (approx. 0.01215). 🛡️
💡 Pro Tip: Money Management
Never go "all-in" on a single signal. Use proper position sizing to ensure one trade doesn't ruin your week. Slow and steady wins the race in the crypto markets! 💰🧠
What do you think? Is $ROSE ready to bloom or will it dip further? Let me know your thoughts in the comments! 👇

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